Weekly:
- long term bearish trendline touched yesterday, and refused
- Heikin-Ashi signals possible momentum loss of multi-week bullish move
- Thick Kumo and 100 WMA acts as good support/resistance again
- Price will lilely dip to 0,72, the big question is if it can break below or will only make a higher low. In case of a higher low, EWO positive divergnece could build further and after next buy gignal the trend may finally reverse
Daily:
- Ichimoku setup is bullish, but Chikou Span reached resistance at past Kumo top. Price also got very far above equilibrium of 0,7200 (Kijun and future Senkou B)
- haDelta has been signalling short term negative divergence for some time. Finally Price action starts to adjust and a pull back is on its way. Red candle today, haDelta/SMA3 below zero and HA Oscillator also switches bearish.
- Thick Kumo should provide a stronger support in 0,7160-0,7200 zone, This can be the possible retracement area for now.
- long term bearish trendline touched yesterday, and refused
- Heikin-Ashi signals possible momentum loss of multi-week bullish move
- Thick Kumo and 100 WMA acts as good support/resistance again
- Price will lilely dip to 0,72, the big question is if it can break below or will only make a higher low. In case of a higher low, EWO positive divergnece could build further and after next buy gignal the trend may finally reverse
Daily:
- Ichimoku setup is bullish, but Chikou Span reached resistance at past Kumo top. Price also got very far above equilibrium of 0,7200 (Kijun and future Senkou B)
- haDelta has been signalling short term negative divergence for some time. Finally Price action starts to adjust and a pull back is on its way. Red candle today, haDelta/SMA3 below zero and HA Oscillator also switches bearish.
- Thick Kumo should provide a stronger support in 0,7160-0,7200 zone, This can be the possible retracement area for now.